The daily PhonePe transaction limit is the maximum amount of transactions a user can do per day. Without this restriction, users would be able to conduct an infinite number of PhonePe transactions every day, making it easier for scammers to take advantage of the platform.
The daily transaction limit is determined for each individual user.
What is PhonePe Transaction Limit Per Day?
- What is PhonePe Transaction Limit Per Day?
- PhonePe Daily limit for your Wallet
- How to Increase PhonePe Transaction Limit?
- Can I transfer more than ₹ 1,00,000 per day from PhonePe?
- What if I want to make transactions of more than ₹ 1,00,000 in a calendar day?
- What are the charges for UPI transactions in PhonePe?
When it comes to performing secure and quick transactions, Phonepe, a mobile application, is the best. The software is simple to use, and you may connect any of your accounts with a single click and complete the transaction! However, there are transaction constraints that you should be aware of before utilizing Phonepe.
The PhonePe daily transaction limit is 1 lakh. Users of PhonePe are limited to 20 transactions per day.
PhonePe Daily limit for your Wallet
Customers that have completed the KYC process have an individual wallet with a maximum amount of $1,000,000.
How to Increase PhonePe Transaction Limit?
We can’t change the daily transaction restrictions because they’re set by your bank. In normal circumstances, the PhonePe app enables for up to 1 lakh in transfers to be made in a 24-hour period.
Can I transfer more than ₹ 1,00,000 per day from PhonePe?
There is a daily limit on UPI payments and the number of transactions an account may do in the PhonePe app. We are unable to conduct transactions in excess of Rs. 1 lakh.
What if I want to make transactions of more than ₹ 1,00,000 in a calendar day?
Users can use other transaction services like NEFT and RTGS to make transactions beyond 1 lakh. NEFT and RTGS payments have a significantly larger limit than UPI payments.
What are the charges for UPI transactions in PhonePe?
Processing UPI transactions with the PhonePe app is free.